{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-130434","form_type":"8-K","ticker":"SBAC","cik":"0001034054","company_name":"SBA COMMUNICATIONS CORP","filed_at":"2023-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.694360+00:00","generated_at":"2026-06-16T04:34:23.809463+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"SBA Communications Q1 Net Income $100.6M; EPS $0.92; AFFO per share $3.13; raises FY2023 outlook","bullets":["Site leasing revenue of $617.3M, up 10.3% YoY; site development revenue $58.2M.","Adjusted EBITDA $459.3M, up 8.4%; AFFO $341.7M, up 5.4%.","Full year 2023 site leasing revenue, adjusted EBITDA, and AFFO guidance increased.","Quarterly cash dividend of $0.85 per share declared, payable June 21, 2023 to holders of record May 26, 2023.","Net debt/Adjusted EBITDA leverage ratio near multi-year lows; no refinancing until Oct 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-130434","json":"https://secwatch.observer/filing/0001193125-23-130434.json","markdown":"https://secwatch.observer/filing/0001193125-23-130434.md","text":"https://secwatch.observer/filing/0001193125-23-130434.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1034054/000119312523130434/0001193125-23-130434-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1034054/000119312523130434/d459940d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T04:34:23.809463+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d10e2bd0b34acfb344c28c2c556faa6372bf7b95","claim":"SBA COMMUNICATIONS CORP reported first quarter ended March 31, 2023 results: revenue Site leasing revenue of $617.3 million, net income Net income of $100.6 million, EPS $0.92 per share. Guidance raised.","evidence_excerpt":"SBA Communications Corporation (Nasdaq: SBAC) (“SBA” or the “Company”) today reported results for the quarter ended March 31, 2023. Highlights of the first quarter include: • Net income of $100.6 million or $0.92 per share • AFFO per share of $3.13 • Site leasing revenue of $617.3 million, representing a 10.3% growth over the prior year period • Increased full year outlook for site leasing revenue, adjusted EBITDA, and AFFO","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1034054/000119312523130434/0001193125-23-130434-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"Site leasing revenue of $617.3 million"},{"label":"Net income","value":"Net income of $100.6 million"},{"label":"EPS","value":"$0.92 per share"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}